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Asian Market Commentary

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Despite strong gains in the IT space on good results and bonus announcement from Tata Conultancy Services, the Indian stock market ended flat on Friday, with a largely negative trend in global markets and speculation about a rate hike by RBI prompting investors to tread cautiously.

asianmarketdown-042018.jpg Asian markets drifted lower on Friday, led by losses in technology stocks amid falling demand for smartphones and a downward revision in revenue target by the world's largest contract chipmaker Taiwan Semiconductor Manufacturing.

The Indian stock market is trading lower Friday morning, with investors tracking weak global cues. However, IT stocks are moving higher thanks to buoyant quarterly results and a 1:1 bonus issue announcement from Tata Consultancy Services. The BSE benchmark Sensex is down 48.91 points or 0.14 percent...

The overnight weak close on Wall Street and mostly sluggish trend in Asian markets today are likely to force investors to tread cautiously. High crude oil prices may prove a dampener and the rupee's decline to a 13-month low against the greenback is also expected to weigh on sentiments. Investors...

asianmarkets-011615_19apr18.jpg Asian stock markets are mostly lower on Friday, reflecting weakness in technology shares after chipmaker Taiwan Semiconductor Manufacturing forecast weaker than expected second-quarter revenues due to softer demand for high-end smartphones. In addition, weak commodity prices dragged down resource stocks. The Australian market is declining, while the Japanese market reversed earlier losses.

The Japanese stock market is losing on Friday, tracking the negative lead from Wall Street and a stronger yen. Tech stocks are weak after Taiwan Semiconductor Manufacturing forecast weaker than expected second-quarter revenues. In late-morning trades, the benchmark Nikkei 225 Index is down 70.23 points...

The Thai stock market has jumped higher in back-to-back trading days, spiking almost 40 points or 2.2 percent along the way. The Stock Exchange of Thailand now rests just beneath the 1,795-point plateau although investors may cash in on Friday. The global forecast for the Asian markets is mixed to...

The Indonesia stock market has climbed higher in two consecutive sessions, advancing more than70 points or 1.2 percent along the way. The Jakarta Composite Index now rests just above the 6,355-point plateau although investors figure to cash in on Friday. The global forecast for the Asian markets is...

The Australian stock market is declining on Friday following the weak cues overnight from Wall Street and a fall in commodity prices. Miners are among the leading decliners. In late-morning trades, the S&P/ASX 200 Index is losing 13.90 points or 0.24 percent to 5,867.10, just off a low of 5,863.70...

The Hong Kong stock market has moved higher in two straight sessions, gathering almost 650 points or 2.2 percent along the way. The Hang Seng Index now rests just above the 30,700-point plateau although it's expected to open under pressure on Friday. The global forecast for the Asian markets is mixed...

The China stock market has moved higher in two straight sessions, gathering more than 50 points or 1.6 percent along the way. The Shanghai Composite Index now rests just above the 3,115-point plateau although it figures to head south on Friday. The global forecast for the Asian markets is mixed to...

The Taiwan stock market has tracked higher in consecutive trading days, advancing more than 160 points or 1.5 percent along the way. The Taiwan Stock Exchange now rests just above the 10,970-point plateau although investors are likely to cash in on Friday. The global forecast for the Asian markets...

The Singapore stock market has finished higher in three straight sessions, advancing more than 100 points or 2.9 percent along the way. The Straits Times index now rests just beneath the 3,600-point plateau although it may spin its wheels on Friday. The global forecast for the Asian markets is mixed...

The Malaysia stock market bounced higher again on Thursday, one session after it had ended the two-day winning streak in which it had added more than a dozen points or 0.6 percent. The Kuala Lumpur Composite Index now rests just beneath the 1,900-point plateau although it figures to head south again...

The South Korea stock market has climbed higher in back-to-back trading days, collecting more than 30 points or 1.3 percent along the way. The KOSPI now rests just above the 2,485-point plateau although it may run out of steam on Friday. The global forecast for the Asian markets is mixed to lower...

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